November 7, 2019 / 8:15 AM / 14 days ago

OTE Telecom third quarter profit up as Greece grows

ATHENS, Nov 7 (Reuters) - Greece’s biggest telecoms operator OTE posted a 3.8% rise in third-quarter core profit on Thursday thanks to growing business at its home market.

The former national monopoly, which is 45% owned and managed by Germany’s Deutsche Telekom, reported earnings before interest, tax, depreciation and amortisation (EBITDA) of 375.7 million euros ($416.05 million) for the quarter, up from 361.8 million euros a year earlier. ($1 = 0.9030 euros) (Reporting by Angeliki Koutantou)

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